BPH Energy Announces Advent’s Findings from PEP 11 Literature Review; Stock Soars ~4.3%

  • Jul 01, 2020 AEST
  • Team Kalkine

BPH Energy Limited (ASX:BPH) has informed about identification of different studies by its investee Advent Energy Limited from literature review of PEP 11 permit in the offshore Sydney Basin.

Following the key update, the stock of BPH Energy soared ~4.35 per cent higher to $0.024 as at 11:43 AM AEST.

PEP 11 literature review has revealed key studies performed by former tenement joint holders Santos and Ampolex, which offer support for the upside potential of offshore Sydney Basin holding PEP 11 permit.

The announcement primarily includes key highlights from Santos 1990 study - Geological and Geophysical Interpretation report for activities in Permit Year 1, comprising:

  • the offshore Sydney Basin was prospective for gas
  • 10 structural leads were discovered in 4 structural provinces with a combined potential gas- in- place of 1 TCF (Trillion Cubic Feet)

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.

Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.

Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.

Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK